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Stock Market & Financial Investment News

News Breaks
July 25, 2014
11:29 EDTNKE, SKX, DECK, UADeckers Outdoor climbs higher after Q1 results, increased FY outlook
Shares of footwear company Deckers Outdoor (DECK) are climbing higher after the company reported first quarter earnings per share and revenue that exceeded analysts' consensus along with an increased FY15 EPS and revenue outlook. WHAT'S NEW: Deckers said its Q1 loss per share was $1.07, which was better than analysts' consensus of a $1.28 per share loss. Revenue for the quarter was $211.5M, exceeding analysts' consensus estimates of $192.01M. The company's direct-to-consumer comparable sales were up 10% in Q1 and UGG brand net sales for the quarter were up 22.8% to $123.3M. Teva brand net sales in Q1 were up 25.7% to $39.3M and its Sanuk brand net sales were up 19.6% to $36M. Deckers' Q1 combined net sales of the company's other brands increased 54.5% to $12.9M. Sales for the global retail store business increased 29.4% to $42M. Looking ahead, Deckers now expects fiscal year 2015 EPS to increase approximately 14.5% from previous guidance of up 13.5% and expects FY15 revenues to increase about 14%, up from the previous guidance of 13%. The consensus estimate for EPS and revenue are $4.69 and $1.8B, respectively. Deckers now expects FY15 UGG brand revenues to increase approximately 12% over the prior year from the previous guidance of 11% and predicts FY15 Teva brand revenues will increase approximately 11% over the prior year. The company expects FY15 Sanuk brand revenues to increase approximately 15% compared to the prior year. Combined FY15 net sales of the company's other brands are expected to be approximately $82M. The company's guidance assumes a gross profit margin of approximately 49%, an operating margin of approximately 13%. and an effective tax rate of about 29%. WHAT'S NOTABLE: The company expects second quarter EPS of approximately 98c against analysts' estimates of $1.13 and sees revenues for the quarter up about 18% from the year ago period against estimates of $441.17M. ANALYST REACTION: Jefferies analyst Randal Konlk upgraded Deckers to Buy from Hold after the firm said it has more conviction of the company's margin expansion potential in FY15. The analyst believes that the company's market undervaluing the sequential upward potential at the moment from new product reveals could contribute an incremental $150M-$250M in revenue over the next 1-2 years. The firm increased its price target for Deckers to $130 from $78. ISI Group, which raised its price target on shares to $105 from $95, believes Deckers investments are beginning to drive more consistent sales results and driving it into a lifestyle brand. Citigroup also raised its price target on Deckers, to $105 from $94, following the better than anticipated Q1 results and guidance. PRICE ACTION: During late-morning trading, shares of Deckers were up $5.60 or 6.57%, to $90.84. OTHERS TO WATCH: Other running shoe makers include Nike (NKE), Under Armour (UA) and Skechers (SKX).
News For DECK;NKE;UA;SKX From The Last 14 Days
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May 28, 2015
16:09 EDTDECKDeckers Outdoor reports Q4 EPS 4c, consensus 0c
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15:25 EDTDECKNotable companies reporting after market close
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14:55 EDTDECKDeckers Outdoor technical comments ahead of results
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14:54 EDTDECKDeckers Outdoor May 71.5 straddle priced for 9.6% movement into Q4
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12:39 EDTSKXSkechers calls active after conference presentation
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11:15 EDTNKEOptions with increasing implied volatility
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07:43 EDTDECKDeckers Outdoor risk/reward biased to upside, says Canaccord
Canaccord said the risk/reward for Deckers Outdoor is biased to the upside, citing expectations for higher fall orders due to the extended winter weather that cleared out inventories, growth in e-commerce, and momentum in non-classic UGG categories. Canaccord reiterated its Buy rating and $84 price target on Deckers Outdoor shares.
May 27, 2015
15:18 EDTNKENike heads lower in last hour of regular trading
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15:09 EDTNKENike cooperating with authorities on FIFA allegations, WSJ says
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14:44 EDTNKENike says working with authorities on FIFA allegations, Dow Jones says
Dow Jones says FIFA indictment alleges bribery around U.S. multinational sportswear company deal with Brazilian Federation.
10:53 EDTSKXSkechers management to meet with Sterne Agee CRT
Meeting to be held in New York on May 29 hosted by Sterne Agee CRT.
10:36 EDTNKEOptions with increasing implied volatility
Options with increasing implied volatility: QUNR DGX FOSL BBBY ACN NKE EFA EMR
08:11 EDTDECKDeckers Outdoor volatility elevated into Q4 and outlook
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May 26, 2015
11:54 EDTNKEOptions with increasing implied volatility
Options with increasing implied volatility: VIPS DGX CVC JIVE LBTYA BBBY YHOO NKE CAN DTV
May 22, 2015
15:07 EDTDECKDeckers Outdoor volatility elevated into Q4 and outlook
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May 21, 2015
09:58 EDTNKEOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Alibaba (BABA) initiated with an Outperform at Bernstein... Alkermes (ALKS) initiated with an Overweight at Barclays... Burlington Stores (BURL) initiated with an Outperform at FBR Capital... Crocs (CROX) initiated with a Neutral at B. Riley... Darling (DAR) initiated with a Buy at Roth Capital... Dynegy (DYN) initiated with an Outperform at RBC Capital... Esperion (ESPR) initiated with an Overweight at Barclays... Five Below (FIVE) initiated with a Market Perform at FBR Capital... Intercept (ICPT) initiated with an Overweight, $450 target at Barclays... Johnson Matthey (JMPLY) initiated with a Buy at Jefferies... Nike (NKE) initiated with a Buy at Jefferies... RTI Surgical (RTIX) initiated with a Buy at Sidoti... TeleNav (TNAV) initiated with an Outperform at Northland... Trevena (TRVN) initiated with an Equal Weight at Barclays... Vectrus (VEC) initiated with a Hold at Stifel.
05:44 EDTNKENike initiated with a Buy at Jefferies
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May 20, 2015
08:42 EDTDECKGoldman says to buy Deckers Outdoor, sell Foot Locker
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May 19, 2015
09:05 EDTSKXSkechers price target raised to $117 from $89 at Susquehanna
Susquehanna raised its price target on Skechers to $117 from $89 citing strong sell-through and continued order momentum. The firm believes investors are beginning to appreciate the company's inventory management, strong operating leverage, and underlying gross margin performance and sees this generating further stock appreciation. Susquehanna reiterated its Positive rating on the stock.
07:27 EDTSKX, NKESkechers moves into second place in U.S. sports footwear market, WSJ says
Skechers (SKX) moved past Adidas (ADDYY) and into second place, behind Nike (NKE), in the U.S. athletic footwear market, reports the Wall Street Journal. Reference Link
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